Freight group Asciano in long haul to UK for £300m

Asciano, a leading Australian rail freight and ports company, sold its first sterling bond on Thursday, with a £300m issue that beat its other avenues to bond finance.

  • By Jon Hay
  • 13 Sep 2013

Rated Baa2 (stable)/BBB- (positive), Asciano had issued a public dollar bond before.

“The issuer works well in sterling,” said a banker at one of the leads, BNP Paribas, Goldman Sachs and National Australia Bank. “Sterling has been so undersupplied, and the sterling investors like this kind of infrastructure ...

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5 Citi 21,968.90 89 5.20%